CAR PARKING CONCESSION 2022

Tender description

Car Parking Services Concession, as per our documents. Estimated total value is stated within our documents. Duration and end date, and scope for extensions (if any) are as shown within our documents. Lot 1: This is being let as a concession contract on the basis that the Concessionaire will be granted the right to exploit the services and generate income. In return, TRP will receive a percentage of the income generated by the Concessionaire. Bidders should note that the following changes to the Services are envisaged during the term of the Contract: •subject to approval from Parliament, car parks at Richmond Park and Bushy Park may be incorporated as locations from which the Services are to be provided; •the requirement for payment of parking charges to be made via a mobile phone app instead of a ticket; •the replacement of pay and display machines as they come to the end of life; and subject to approval from Parliament, the possibility of an increase in parking charges. Additional information: Duration: initial period = 5 years. Subject to renewal. Option to extend = 2 occasions, each for 12 months. Contract value represents an estimate of the total turnover of the Concessionaire generated over the entire term (inc. poss. extensions), along with the possible additional revenue streams from Richmond Park and Bushy Park, if incorporated into the contract at a later stage. T